Cap 14 - Avalúo D. There were no disposaïs or equipment auring the year. c. The investments were sold for $126,690 cash. d. The common stock was issued for cash. e. There was a $68,730 credit to Retained Earnings for net income. f. There was a $43,500 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 Line Item Description Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash balance, January 1, 20Y9 Cash balance, December 31, 20Y9 Amount Amount OOOO Cap 14 - Avalúo Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Assets December 31, 20Y9 December 31, 2018 Cash Accounts receivable (net) $280,290 $262,840 101,540 94,400 Inventories Investments 286,640 279,510 0 108,280 Land Equipment Accumulated depreciation-equipment Total assets 147,020 0 316,260 247,110 (74,040) (66,640) $1,057,710 $925,500 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $191,450 $182,320 Accrued expenses payable (operating expenses) 19,040 24,060 Dividends payable 10,580 8,330 Common stock, $10 par 57,120 45,350 Paid-in capital in excess of par-common stock 214,720 125,870 Retained earnings 564,800 539,570 Total liabilities and stockholders' equity $1,057,710 $925,500 Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $126,690 cash. d. The common stock was issued for cash. e. There was a $68,730 credit to Retained Earnings for net income. f. There was a $43,500 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9